The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c
In India, banking industries are taking a paradigm change to compete with the global and private banks playing here. In Indian nationalize banking s scenario the White elephant State Bank of India, with its largest network and manpower sharing the market share much lesser than emerging private banks like ICICI Banks, or HDFC Banks. Though the nationalize banks are off late trying to shake off their slumber but as it seems unless the dead woods are out it is difficult to fall in line. On 18th August the Officer`s Union of State Bank of India and its other associate banks have given a strike call, protesting against merger. The most surprising part of it that most the staff members of the Associated Banks are in favor of merger with State Bank of India, since that will accrue them lot of benefits, like pension as 3rd benefits, higher pay scale , local transfer et al. So how come the Unions have given strike call? The union leaders, who are primary from political parties and most of them are retired long ago from banks, feel that it will devalue them and deprive them of their privilege status. There are seven associate banks of State Bank of India, out of them on State Bank of Saurasthra is merged already and others are likely to follow the suit. Imagine, all these seven banks have seven trade union leaders and seven MDs, CGMs and alike. By the merger their posts are likely to be erased and that seems their problem. Their higher managements of these banks are not coming into the fore front but must be encouraging the unions to go ahead with their agitation. Longer they last, better for them, they too can cling to their chair and enjoy the special privilege offered by their respective banks.
This is the first time in the history of Trade Unions in Banking industries, where 50 per cent of officers declared openly that they are in favor of merger and not going to participate in the strike on 18th august. Next follows “BHARAT BANDH”, by several trade unions, among them Banking Trade Unions are in the fore front, with their demand for dropping the merger proposal, protesting against the high inflation and many more. These unions are workers union, having huge membership and are well in a position to paralyze the life. But first time ever it is observed that these Unions are under pressure knowing well that their members are not with them with their mind and may revolt at any time. It is well known that inflation merits more production to be checked, never a strike that results huge loss in production can address it. It is high time that the union leaders should pull up their socks and realize that their members are no more the sheep of Orwell’s “Animal Farm”, and not going to buzz to their tune, they can judge themselves.
This is the first time in the history of Trade Unions in Banking industries, where 50 per cent of officers declared openly that they are in favor of merger and not going to participate in the strike on 18th august. Next follows “BHARAT BANDH”, by several trade unions, among them Banking Trade Unions are in the fore front, with their demand for dropping the merger proposal, protesting against the high inflation and many more. These unions are workers union, having huge membership and are well in a position to paralyze the life. But first time ever it is observed that these Unions are under pressure knowing well that their members are not with them with their mind and may revolt at any time. It is well known that inflation merits more production to be checked, never a strike that results huge loss in production can address it. It is high time that the union leaders should pull up their socks and realize that their members are no more the sheep of Orwell’s “Animal Farm”, and not going to buzz to their tune, they can judge themselves.
Comments